The Omega Ratio is a risk-return performance measure of an investment asset, portfolio, or strategy. It is defined as the probability-weighted ratio, of gains versus losses for some threshold return target . The ratio is an alternative for the widely used Sharpe ratio and is based on information the Sharpe ratio discards.
As we have mentioned...
This is a script to make calculating position size easier. It calculates position size as a percentage of account balance and Risk/Reward based on input values of entry, exit, stoploss and shows the R/R box similar to tradingview's R/R tool. There is an option to toggle showing label and choosing of label text color.
Have to enter the following inputs in order...
This indicator calculates Stop-loss and Take-profit limits and plots them on the chart based on the daily ATR value for a given instrument.
The Stop-loss is calculated at the current close price minus 1x ATR and is plotted as a red line by default.
The Take-profit is calculated at the current close price plus 1.5x ATR and is plotted as a green line by...
Hello ladies (if any in my followers ?) and gentlemen
Here's your indicator of the day and once again given for FREE. What I'm going to say to my landlord if I can't pay rent because I'm not asking for $$ ?
I'll probably send the next indicators from below the town brige. Even then... I will still comply with my challenge to share 1 original indicator a day and...
I started this script as a joke for someone... finally appears it could be used for educational content
Let's talk about leverage and margin call
A margin call is the broker's demand that an investor deposit additional money or securities so that the account is brought up to the minimum value, known as the maintenance margin.
This is a proof of concept and a cool pinescript utility
It displays a risk to reward division as a fractional value.
This will be displayed as 1/2 as we can earn 2 units for a potential loss of 1 unit
(600/300 = 2) for those wondering the NASA level mathematics behind :)
The Auto Position Sizing Risk Reward indicator shows different Risk levels 1, 1.5, 2 and 3 based on your risk amount and uses an auto Stoploss level based on the ATR.
You can set the values for the "Note or Title", "Risk Amount", "Entry", "Target Price", "Stop Loss Distance", "Default Risk/Reward" and ATR settings....
Today I bring you another amazing strategy.
Its made of 2 EMA in this case 50 and 100.
At the same time, internaly for candles we calculate the candles using the HA system ( while still using in live the normal candles). This way we can assure that even if we use HA candles, we avoid repainting, and its legit.
We first calculate the HA candles based on the EMA...
This script is designed to display three stop loss areas to assist either with automation of risk management or identify and alert when price is in a range of a trade for risk to reward ratio.
In this version there are three stop losses and 1 PT. Mainly because i will most likely only be using 1 of the SL to pair with the PT.
Stoploss areas are displayed on both...
This is a simple script to aid with determining position size.
Inputs are the intended entry price, desired risk (expressed as % of account at risk), account value, and leverage factor.
To use the script;
1. Identify and update the entry price (yellow line on the chart)
2. Update with desired risk
3. Update with account size
4. Adjust the leverage value until...
We have heard many times that keep your losses small and allow your profits to grow. But what happens is that we often make the mistake of doing high-margin trades that we cannot afford to lose. The main reason for this problem, in my opinion, is the rush to open a position and not paying attention to how much acceptable loss in each trade is for...
Here is a pretty clean 2R - risk reward assessment that is overlaid on the price action. Positive bias, kind of lazy on the release but you can edit to change look back period or drop into one of your indicator edits as another metric for trade risk. If this helps drop a comment or thumbs up.